Betolar Plc

Company announcement

15 June 2024 at 6:00 AM EEST

Betolar Plc: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (Juha Markus Leppänen)

Betolar Plc has received a notification on June 14, 2024, according to Chapter 9, Section 5 of the Securities Markets Act, stating that Juha Markus Leppänen's ownership of shares exceeds 15% of all shares and votes in Betolar Plc. Leppänen's ownership exceeded the notification threshold before April 19, 2024.

The notification of exceeding the ownership threshold is retroactive because on April 12, 2024, the Parliament approved a government proposal to amend the Securities Markets Act (HE 3/2024 vp), which extends the reporting requirements for significant ownership and voting rights, as well as the application of provisions related to public tender offers and obligation to make a tender offer, to include multilateral trading facilities alongside regulated markets.

Ownership percentages according to the notification:

% of % of shares Total of Total number of shares
shares and voting both in  and voting rights of
and rights % issuer
voting through
rights financial
instruments
Resulting 8.18% of 16.6% 19 606 882
situation on the shares
date on and
which threshold 16.6% of
was crossed or voting
reached rights

Class/type Number % of shares and voting rights
of shares of
ISIN code shares
and
voting
rights
Direct Indirect Direct Indirect
(SMA (SMA 9:6 and 9:7) (SMA 9:5) (SMA 9:6 and 9:7)
9:5)
FI4000512587 1 603 1 650 387 8.18% 8.42%
468
Total 3 253 16.60%
855

Juha Markus Leppänen's proxy-based right to use 8.42% (1,650,387 pcs) of the votes is valid until further notice.

More information

Tuija Kalpala, CEO, tuija.kalpala@betolar.com,tel. +358505676608

Certified Adviser:

Aktia Alexander Corporate Finance Oy, +358 50 520 4098

About Betolar

Betolar Plc is a pioneering Finnish materials technology company driving the green transition in mining and construction. Betolar's mission is to help reduce CO₂ emissions and the use of virgin natural resources.

Betolar develops low-carbon and waste-free solutions for the mining and metals industries, and its Geoprime® solution produces i.a. the world's lowest-emission hollow-core slabs. Betolar's AI-powered Data Platform turns industrial side streams into value, accelerates solution development and builds global markets for side streams.

Betolar was founded in 2016 and is domiciled in Kannonkoski, Finland. Betolar is listed on the Nasdaq First North Growth Market. For more information, visit www.betolar.com